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Nonprofiteer
← PORSCHE CLUB OF AMERICA INC

Form 990 for tax year 2024

Filed by PORSCHE CLUB OF AMERICA INC.

Totals

Total revenue
$11,887,854
Total expenses
$11,634,228
Contributions and grants received
$0
Grants paid
$277,563
Program service revenue
$9,322,868
Investment income
$210,470
Other revenue
$2,354,516
Total assets, end of year
$12,548,813
Total liabilities, end of year
$6,208,562
Net assets or fund balances, end of year
$6,340,251
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $3,390,100 · related or exempt $3,390,100

  • 2b · Program service revenue: PANORAMA ADVERTISING

    total $1,862,715 · unrelated business $1,862,715

  • 2c · Program service revenue: MEMBER EVENTS

    total $1,583,375 · related or exempt $1,583,375

  • 2d · Program service revenue: MEMBER PARADES

    total $1,177,879 · related or exempt $1,177,879

  • 2e · Program service revenue: CLUB RACING

    total $791,280 · related or exempt $758,753 · unrelated business $32,527

  • 2f · All other program service revenue

    total $517,519 · related or exempt $160,575 · unrelated business $356,944

  • 3 · Investment income

    total $210,470 · unrelated business $210,470

  • 9a · Gaming: gross income

    $3,939,610

  • 9b · Gaming: direct expenses

    $1,751,454

  • 9c · Net income from gaming

    total $2,188,156 · related or exempt $2,188,156

  • 10a · Gross sales of inventory

    $144,431

  • 10b · Cost of goods sold

    $139,924

  • 10c · Net income from sales of inventory

    total $4,507 · related or exempt $4,507

  • 11a · Other revenue: OTHER INCOME

    total $161,853 · related or exempt $161,853

  • 11e · Other revenue, total

    $161,853

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $265,247

  • 3 · Grants to foreign organizations and individuals

    total $12,316

  • 5 · Compensation of officers, directors and key employees

    total $367,983

  • 7 · Other salaries and wages

    total $1,834,049

  • 8 · Pension plan contributions

    total $8,313

  • 9 · Other employee benefits

    total $9,902

  • 10 · Payroll taxes

    total $146,914

  • 11g · Fees: other

    total $496,184

  • 12 · Advertising and promotion

    total $646,302

  • 13 · Office expenses

    total $162,651

  • 14 · Information technology

    total $322,789

  • 16 · Occupancy

    total $47,924

  • 17 · Travel

    total $873,768

  • 19 · Conferences, conventions and meetings

    total $91,538

  • 22 · Depreciation, depletion and amortization

    total $46,891

  • 23 · Insurance

    total $316,969

  • 24a · Other expenses: PRINTING

    total $1,576,839

  • 24b · Other expenses: EVENTS

    total $1,094,807

  • 24c · Other expenses: PARADE EXPENSES

    total $1,002,754

  • 24d · Other expenses: DISTRIBUTION

    total $982,940

  • 24e · All other expenses

    total $1,327,148

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,614,253 · end of year $4,131,203

  • 2 · Savings and temporary cash investments

    beginning of year $727,665 · end of year $991,878

  • 4 · Accounts receivable

    beginning of year $262,906 · end of year $214,556

  • 8 · Inventories for sale or use

    beginning of year $104,487 · end of year $72,261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $591,937 · end of year $324,576

  • 10a · Land, buildings and equipment: cost or other basis

    $1,754,176

  • 10b · Land, buildings and equipment: accumulated depreciation

    $691,165

  • 10c · Land, buildings and equipment, net

    beginning of year $990,175 · end of year $1,063,011

  • 11 · Investments: publicly traded securities

    beginning of year $4,813,547 · end of year $5,746,278

  • 15 · Other assets

    beginning of year $8,212 · end of year $5,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,570,049 · end of year $2,137,804

  • 25 · Other liabilities

    beginning of year $3,594,135 · end of year $4,070,758

  • 27 · Net assets without donor restrictions

    beginning of year $5,948,998 · end of year $6,340,251

Mission and programs · 2024

Mission

THE ORGANIZATION IS AN AUTO CLUB THAT DISTRIBUTES INFORMATION, PROVIDES A FORUM FOR PORSCHE OWNERS (MEMBERS) AND HOLDS EVENTS.

Activities or mission (Part I)

THE ORGANIZATION DISTRIBUTES INFORMATION, HOLDS EVENTS AND PROVIDES A FORUM FOR ITS MEMBERS.

  • ANNUAL PARADE (CONVENTION) EVENT PROVIDES MEMBERS A FORUM FOR THE EXCHANGE OF IDEAS, TO COMPARE AUTOMOBILES, PROVIDE AND RECEIVE INFORMATION ABOUT CLUB ACTIVITIES, AUTOMOBILE PRODUCT LINE, AND RELATED MATTERS. THERE WERE OVER 1,500 PARTICIPANT ATTENDEES FOR PARADE 2024.

  • PCA PANORAMA MAGAZINE: PROVIDES MEMBERS WITH TECHNICAL ADVICE, NEW PRODUCT RELEASES, GENERAL CLUB INFORMATION AND REGION EVENTS TO ENCOURAGE CLUB MEMBERS PARTICIPATION.

  • THE ORGANIZATION SPONSORS RACES WHICH PROVIDE MEMBERS AN ADDITIONAL FORUM FOR AN EXCHANGE OF IDEAS, AUTOMOBILE TESTING, AND INFORMATION. THE EVENTS ARE OPEN TO ALL MEMBERS. THERE WERE OVER 1,000 PARTICIPANTS IN THE RACES IN 2024

As filed on the 2024 return.

Listed in Part VII

  • Aaron Ambrosino

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Ronald Gordon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Stan Thorne

    SECRETARY

    Total calculated
    $0
    Hours/week
    30

  • Richard Strahota

    TREASURER

    Total calculated
    $0
    Hours/week
    30

  • Thomas A Gorsuch

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Vu Nguyen

    EXECUTIVE DIRECTOR

    Total calculated
    $242,856
    From this org
    $235,865
    From related orgs
    $0
    Other
    $6,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,513
    Bonus
    $38,352
    Other
    $0
    Deferred
    $5,911
    Nontaxable benefits
    $1,080
    Filer's total
    $242,856

  • Robert Sass

    PANORAMA EDITOR

    Total calculated
    $218,023
    From this org
    $207,477
    From related orgs
    $0
    Other
    $10,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,214
    Bonus
    $26,263
    Other
    $0
    Deferred
    $5,421
    Nontaxable benefits
    $5,125
    Filer's total
    $218,023

  • Ellen Denise Hovington

    COMPTROLLER

    Total calculated
    $136,035
    From this org
    $132,118
    From related orgs
    $0
    Other
    $3,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,118
    Bonus
    $0
    Other
    $0
    Deferred
    $3,917
    Nontaxable benefits
    $0
    Filer's total
    $136,035

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 July 2025
IRS schema version
2024v5.2
Source object
202502839349301765

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